Austal Shares Surge as Trump Highlights $1.5 Trillion Defence Budget
On January 7, 2026, U.S. President Donald Trump shocked markets by proposing a $1.5 trillion defence budget for 2027, a huge jump from the $901 billion set for 2026. Traders reacted fast. Defence stocks in the U.S. and Europe climbed. In Sydney, investors also took notice. Shares of Australian shipbuilder Austal Ltd climbed sharply on…